Horace Mann Reinsures $2.9 Billion Legacy Annuity Block with RGA and Describes NTA Acquisition Financing
Horace Mann Educators Corporation (HMN)
Last horace mann educators corporation earnings: 2/5 04:15 pm
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Source: Business Wire
Reinsurance transaction reduces ongoing interest rate risk and releases approximately $200 million of capitalReplaces existing revolving line of credit with new $225 million credit facilityOn track to close NTA transaction in early July, pending final regulatory approvalFull-year 2019 core EPS* guidance unchanged, anticipates at least 10% growth in 2020 core EPSExpects approximately 8% increase in book value excluding unrealized investment gains on securities* as a result of reinsurance transactionManagement to host conference call at 5 p.m. ET today SPRINGFIELD, Ill.--(BUSINESS WIRE)--Horace Mann Educators Corporation (NYSE:HMN) today announced that a subsidiary of Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life reinsurer, has reinsured a $2.9 billion block of Horace Mann’s annuity business effective April 1, 2019. The legacy block has a minimum guaranteed crediting rate of 4.5%. In addition, Horace Mann announced that it has entered into a new five-ye
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News
- Horace Mann Educators Co. (NYSE: HMN) was downgraded by analysts at Keefe, Bruyette & Woods from an "outperform" rating to a "market perform" rating. They now have a $44.00 price target on the stock, up previously from $39.00.MarketBeat
- Horace Mann Educators Corporation (NYSE:HMN) Just Reported And Analysts Have Been Lifting Their Price Targets [Yahoo! Finance]Yahoo! Finance
- Horace Mann Educators Co. (NYSE: HMN) had its price target raised by analysts at Piper Sandler from $36.00 to $42.00. They now have a "neutral" rating on the stock.MarketBeat
- Horace Mann Educators Corp (HMN) Q3 2024 Earnings Call Highlights: Strong Earnings Growth ... [Yahoo! Finance]Yahoo! Finance
- Horace Mann (HMN) Q3 Earnings Match Estimates [Yahoo! Finance]Yahoo! Finance
HMN
Earnings
- 11/4/24 - In-Line
HMN
Analyst Actions
- 11/12/24 - Keefe, Bruyette & Woods
HMN
Sec Filings
- 11/13/24 - Form 4
- 11/13/24 - Form 144
- 11/13/24 - Form 144
- HMN's page on the SEC website